Best Recessionary Business

[Ms PatriYacht]

medical..... pretty much unaffected.

that's not true around here, unemployment means no health or dental insurance. A ton of stuff done is somewhat elective. Such as joint replacement's, vein treatments, cosmetic procedures, a lot of dental work, some people will get a tooth pulled rather than an expensive crown, orthodontics. Most hospitals will tell you they are sort of slow. Every dentist I know around here says his practice is way down.

 

[RichL]

I think many of the answers here are somewhat dependent on the three L's.

Location, Location, Location

 

[Airpacker]

Careful with auto repair, we are seeing a lot of shops starving and doing anything to survive.

The good thing is the poorly managed shops will disappear and the stronger ones will not only survive but thrive on the cars those other shops no longer service.

Traditionally, 3 to 5 yrs of gold mine follow a recession period in the auto service business.

I am hoping that tradition continues because my retirement fund needs a serious top up now. Went from working on freedom 55 to freedom 75 within 6 months

 

[masher44]

There is a bunch of home remodeling businesses around the lake doing really well. Instead of buying new, people are staying put and updating.

 

[MattBMiller]

The good thing is the poorly managed shops will disappear and the stronger ones will not only survive but thrive on the cars those other shops no longer service.

Traditionally, 3 to 5 yrs of gold mine follow a recession period in the auto service business.

Exactly

 

[sledge]

funeral home/undertaker

 

[RichL]

There is a bunch of home remodeling businesses around the lake doing really well. Instead of buying new, people are staying put and updating.

Not the case in our area.

 

[LaughingCat]

welfare recipient

 

[38fountainSC]

I just seen on the news hospitals closing down.

 

[wantingmore]

We are extremely busy! We do individual health insurance primarily. We're writing a lot of people whose employers are doing away with their group policies to save $. Then you have the ones that got laid off, but can't afford the Cobra. Then there are those that have increased renewals. Then there's Medicare supplements for people turning 65 (lot of that down here), etc, etc, etc.

The most satisfying thing is we're saving people money and making some at the same time. Truly a win-win.

We've grown from 7 agents in Jan. to 42 currently on the way to 125+ by the end of the year! Business is great!:sifone:

 

[JupiterSunsation]

Careful with auto repair, we are seeing a lot of shops starving and doing anything to survive.

I know a guy buying out closed shops for 10 cents on the dollar. Daytona recently lost a Cadillac dealer that had been around for years. He buys the compressors/ lifts/ tools whatever and then sets up new shops for independent owners. You would not believe the stuff he has been getting. He travels with a crew of guys and can strip out a shop in a day or two. They take everything from new 50 gallon drums of oil to the paper towels......

 

[JupiterSunsation]

that's not true around here, unemployment means no health or dental insurance. A ton of stuff done is somewhat elective. Such as joint replacement's, vein treatments, cosmetic procedures, a lot of dental work, some people will get a tooth pulled rather than an expensive crown, orthodontics. Most hospitals will tell you they are sort of slow. Every dentist I know around here says his practice is way down.

100% right on......

My wife is a nurse recruiter for an international company, jobs are off 40% due to lack of demand.

 

[Blue Oval]

Hookers!!!!:03:

A good lawyer,a good tax man to hide your non-taxed money somewhere.Send the local Police Chief on a cruise, start rolling in the $$$$:sifone:

 

[drpete3]

I am an optometrist (3 dr office)and we are up this year and have been up every year since 1991. My brothers a dentist and has a 9 month waiting list and his practice is only abou t5 years old. I am just counting my blessings and doing the best job of taking care of people I can. I think thats a business plan that works.

 

[BY U BOY]

Day care.

 

[cosmic12]

We move Hospitals and do Custom installations of equip. There are only 3 Companys that do this and we are the top. We have more work than we can handle and turn alot away to the other 2. There are alot of new Hospitals being built and adding on of old all over the country. Believe me the Med industry isn't hurting.

 

[RedDog382]

medical..... pretty much unaffected.

Very untrue, my friend. University Medical Center in Las Vegas was just the topic of a 60 Minutes special. 90 million budget shortage and closing outpatient chemotherapy clinic, pre-natal services, etc. After 1 year, I just became elgible for profit-sharing based on productivity. There will likely be none this quarter despite cutting staff to only two docs after 3AM in a 75,000 visit ED. I just worked 12 of the last 14 nights and got my a$$ handed to me trying to keep up. When the few paying patients loose their insurance, it's not good ...

 

[RedDog382]

We move Hospitals and do Custom installations of equip. There are only 3 Companys that do this and we are the top. We have more work than we can handle and turn alot away to the other 2. There are alot of new Hospitals being built and adding on of old all over the country. Believe me the Med industry isn't hurting.

Problem is all the profits of private hospitals are going in the pockets of the CEO's. The CEO of a "non-profit" network in Toledo (a rapidly declinining city) put $10,000,000 in his pocket in 2007 sitting behind a desk 9-4 M-R. I won't see that in my lifetime saving people's life every night/weekend/holiday.

 

[RedDog382]

Who busy and making $$$ in this business environment????

Auto Parts / Repair?

My best friend has an automotive repair shop in Cincinnati, Ohio. He has laid off his only remaining employee and is working on the cars himself to keep the doors open. One would think the repair business would be booming as people are not buying new cars, but not so. People are driving their cars into the ground until the wheels fall off before repairing/maintaining them.

 

[phragle]

the medical industry isn't down volume wise..it's down reimbursment wise. people will always get sick and or do stupid things breaking themselves.